Sasol Ltd. (NYSE:SSL) has been given an average rating of “Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company.
Several research analysts recently weighed in on the company. BidaskClub raised Sasol from a “sell” rating to a “hold” rating in a research note on Thursday. J P Morgan Chase & Co lowered Sasol from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 18th.
Several large investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in Sasol by 3.3% in the first quarter. US Bancorp DE now owns 108,301 shares of the oil and gas company’s stock worth $3,185,000 after buying an additional 3,422 shares during the period. Checchi Capital Advisers LLC bought a new position in shares of Sasol during the first quarter worth $212,000. Pillar Pacific Capital Management LLC increased its position in shares of Sasol by 5.6% in the first quarter. Pillar Pacific Capital Management LLC now owns 90,357 shares of the oil and gas company’s stock worth $2,657,000 after buying an additional 4,760 shares during the last quarter. Greenleaf Trust bought a new position in shares of Sasol during the first quarter worth $394,000. Finally, Wetherby Asset Management Inc. increased its position in shares of Sasol by 8.8% in the first quarter. Wetherby Asset Management Inc. now owns 12,250 shares of the oil and gas company’s stock worth $360,000 after buying an additional 991 shares during the last quarter. 2.31% of the stock is owned by institutional investors.
Shares of Sasol (SSL) traded up 0.43% during midday trading on Friday, hitting $30.55. 204,978 shares of the company’s stock traded hands. Sasol has a 52 week low of $24.85 and a 52 week high of $32.40. The stock has a market cap of $86.70 million, a P/E ratio of 16.69 and a beta of 0.89. The company has a 50 day moving average of $28.49 and a 200 day moving average of $29.35.
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Sasol Company Profile
Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.
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